10
March 2025
Hercules Site Services
plc
("Hercules" or the "Company")
Appointment of Business
Development Director and Grant of Options
Hercules Site Services plc (AIM:
HERC), a leading technology enabled labour
supply group for the UK infrastructure and construction
sectors, is pleased to announce the
appointment of Jacques Kriel as Business Development Director
(non-Board) to grow Hercules' core Labour Supply
business.
Jacques brings a wealth of
experience in business development, infrastructure delivery and
strategic growth across the civil engineering and construction
industries. With a proven track record in expanding market
presence and fostering strong industry partnerships, Jacques'
expertise will play a crucial role in driving Hercules' continued
growth and expansion.
Jacques will be responsible for
leading the Company's business development strategy, identifying
new opportunities and strengthening Hercules' position within key
infrastructure sectors, including rail, highways, utilities,
nuclear and power & energy. Jacques, who will work
closely with Hercules' CEO Brusk Korkmaz, has previously held
managerial roles at major construction and labour supply
companies.
As part of his remuneration package,
Jacques has been granted options over 300,000 ordinary shares in
the Company at an exercise price of 47.5p (the "Options").
The Options vest on 2 February 2027 and expire on 2 February 2029.
Commenting on the appointment, Brusk Korkmaz, CEO of Hercules,
said:
"We are delighted to welcome Jacques
to the Hercules leadership team. His extensive experience in
business development and deep understanding of the infrastructure
sector makes him an excellent addition to the Company.
"As the UK carries out substantial
construction and infrastructure upgrades within the nuclear, power
and energy distribution, aviation, water, and rail sectors, Jacques
joins as at an important time for Hercules.
"We are laser-focused on growth in
our core sectors and look forward to Jacques' contribution to this
team effort as we continue to expand and deliver value for our
shareholders and clients."
For
further information and enquiries, please
contact:
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Hercules Site Services plc
Brusk Korkmaz (CEO)
Paul Wheatcroft (CFO)
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c/o SEC Newgate
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SP
Angel Corporate Finance LLP (Nominated Adviser and
Broker)
Matthew Johnson / Adam Cowl
(Corporate Finance)
Grant Barker / Rob Rees (Sales and
Broking)
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+44 (0) 20 3470 0470
|
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Cavendish Capital Markets Limited (Joint
Broker)
Adrian Hadden / Charlie Combe / Dale
Bellis (Sales and Broking)
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+44
(0) 20 7397 8900
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SEC
Newgate (Financial Communications)
Robin Tozer / Ian Silvera / Nina
Renata Pop
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+44 (0) 20 3757 6882
Hercules@secnewgate.co.uk
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Notification and public disclosure
of transactions by persons discharging managerial responsibilities
/ person closely associated with them.
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
|
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a)
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Name
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Jacques Kriel
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2
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Reason for the notification
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a)
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Position/status
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Business Development
Director
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b)
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Initial notification
/Amendment
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Initial Notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
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a)
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Name
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Hercules Site Services plc
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b)
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LEI
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213800P7Z6MXNSM4OQ50
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4
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Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
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a)
|
Description of the financial
instrument, type of instrument
|
Ordinary Shares of 0.1p
each
|
|
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Identification code
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ISIN: GB00BPVBVZ82
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b)
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Nature of the transaction
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Issue of share options
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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47.5p
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300,000
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d)
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Aggregated information
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|
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- Aggregated volume
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N/A - Single transaction
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- Price
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e)
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Date of the transaction
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7 March 2025
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f)
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Place of the transaction
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Off market
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